RE: [CANSLIM] NOBL

From: "Mona Guarino" <webmaster@design21.com>
Subject: RE: [CANSLIM] NOBL
Date: Thu, 18 Apr 2002 10:50:27 -0700

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Hi Tom,

Thanks for your response, but I think we miscommunicated on something --
3/10/00 to date -- 'to short a basing pattern to call a cup' ? That's two
years.

Tim commented it was 'breaking out from a short volatile flat base', but I
wasn't seeing a flat base on the daily chart, so went to the weekly. When I
look at the weekly chart, the entire chart looks like a cup	almost at the
top of the right side with volume picking up significantly from 1/25/02
forward.

That's longer than WON's '7 to as many as 65 weeks (most are usually three
to six months)' and more correction than his 'usual percentage correction
from the absolute peak to the low point of the price pattern varies from 12%
or 15% to 33%,' but it looked so much like it fit the general pattern, I
thought I'd ask.

- -- Mona



> Hi Mona,
>
> what you are seeing as a cup is, to me, to short a basing pattern
> to call a
> cup. I simply see it as volatility on profit taking on a stock
> that has run
> up pretty far, pretty fast.
>
> I bought just using short flat bases, on 12/31 at 8.13, and 1/8/02 at 8.99
> when it didn't back off. I sold 2/19 at 11.47 primarily because I was
> concentrating more funds in technology, and was not comfortable with the
> automotive industry at the time. Where I sold it was in another flat line
> base, so the stock was not giving me a reason to sell, and I should still
> have waited for that reason, and made a lot more money.
>
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
> ----- Original Message -----
> From: "Mona Guarino" <webmaster@design21.com>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, April 17, 2002 11:15 AM
> Subject: RE: [CANSLIM] NOBL
>
>
> Tom, I know the feeling as to baling too soon and then wathing something
> climb . . .
>
> Question on c&p on this one. Looking at a weekly chart, I see a move up
> before 3/10/00 and then a cup just finishing it's right side now -- within
> 5% of the top of the left. So, I'd be looking for it to get to 16.75 and
> then form a handle. Or, was the activity 3/15 to 3/29 the handle already?
>
> Thanks,
> -- Mona
>
> > -----Original Message-----
> > From: owner-canslim@lists.xmission.com
> > [mailto:owner-canslim@lists.xmission.com]On Behalf Of Tom Worley
> > Sent: Monday, April 15, 2002 10:10 PM
> > To: canslim@lists.xmission.com
> > Subject: Re: [CANSLIM] NOBL
> >
> >
> > still can't believe I bought this one right, then bailed out
> WAY too soon.
> >
> > Tom Worley
> > stkguru@bellsouth.net
> > AIM: TexWorley
> > ----- Original Message -----
> > From: "Tim Fisher" <Tim@orerockon.com>
> > To: <canslim@lists.xmission.com>
> > Sent: Monday, April 15, 2002 10:39 AM
> > Subject: [CANSLIM] NOBL
> >
> >
> > Breaking out from a short volatile flat base....I bot 1/2 pos.
> Not a good
> > "M"! But I wanted to test the "small cap outperforming" theory - I had a
> > banner week last week.
> >
> > Tim Fisher
> > Ore-ROCK-On Rockhounding Web Site
> > Owner, Fisher Fisheries, Ltd.
> > mailto:tim@OreRockOn.com
> > WWW http://OreRockOn.com


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